This evaluation is of a GEF project designed to enable companies in the industrial sector and other energy consumers to adopt and utilize energy efficient technologies, and help put the Romanian economy onto a sustainable path of lower energy intensity and green house gas emissions. The Global Environment Objective (GEO) of the project was to improve the knowledge and the availability of mechanisms necessary for financiers and energy consumers to fund viable energy efficiency projects by removing barriers and lowering transaction costs.
The project consisted of two components:
- Investment Financing worth US$8 million, and
- technical Assistance worth US$2 million, covering capacity building, fund management, and administration.